The key moving forward lies in automating where it is most effective, widening the net in terms of attracting talent and then maximizing that talent by providing them with the right tools and user experience to drive business.
Category: News and Trends
Carlos Sa of MILOS on Implementing New Technologies
Carlos Sa, founder and CEO of MILOS, Danvers, Mass., has more than 25 years of IT experience and an extensive track record of designing, building and implementing mortgage technologies.
MBA Advocacy Update Apr. 25 2022
On Monday, FHA published Mortgagee Letter 2022-07, which adds to the agency’s COVID-19 Recovery Loss Mitigation Options a loan modification with a 40-year term used together with a partial claim. On Tuesday, MBA sent a letter to CFPB requesting the Bureau provide the industry with the statutory basis for its requests to obtain privileged attorney-client communications during supervisory examinations.
MBA Chart of the Week Apr. 22 2022: IMB Production
This week’s chart shows average production employees (sales, fulfillment and support staff for such functions as production technology, post-closing and secondary marketing) and median productivity of sales staff from 2012 through 2021.
MISMO Seeks Public Comment on MEG 27 to Assess Compatibility Across Reference Model Versions
MISMO®, the real estate finance industry standards organization, seeks public comment on MISMO Engineering Guideline 27, which provides guidance to determine if a new version of the MISMO Reference Model is compatible with a previously implemented solution.
People in the News Apr. 26, 2022: Xactus Taps Kevin Ryan as CFO
Xactus, Philadelphia, named Kevin Ryan the company’s Chief Financial Officer, responsible for guiding the firm’s efforts to streamline its finance and accounting operations.
Kebra Rhedrick of Wipro Opus Risk Solutions: Learning from the Best–The Notification Rule
The Notification Rule establishes notice requirements for banking organizations and certain bank service providers when they experience computer-security incidents that rise to the level of notification incidents. Since notification is required before the organization may fully assess the incident, the notification requirement mainly focuses on what is affected. A prudent institution would identify systems and information that trigger the rule in advance.
Scott Roller: A New Technology for Enterprise, Loan Officer Pipeline Building
Traditionally, when this market flip occurs, intense pressure is bestowed upon lender sales and marketing teams. Everyone looks for them to become the ‘rainmakers.’ Pressures are often proportionate to the size of the lender, because few big banks invest in local purchase market referral relationships year-round. There is a fresh new approach to supplement the lender playbook, both at the enterprise and loan officer level.
MBA Advocacy Update Apr. 25 2022
On Monday, FHA published Mortgagee Letter 2022-07, which adds to the agency’s COVID-19 Recovery Loss Mitigation Options a loan modification with a 40-year term used together with a partial claim. On Tuesday, MBA sent a letter to CFPB requesting the Bureau provide the industry with the statutory basis for its requests to obtain privileged attorney-client communications during supervisory examinations.
MBA Chart of the Week Apr. 22 2022: IMB Production
This week’s chart shows average production employees (sales, fulfillment and support staff for such functions as production technology, post-closing and secondary marketing) and median productivity of sales staff from 2012 through 2021.